Tech giants Panasonic and IBM have partnered with Constellation Network to launch a “Blockchain of Blockchains.” This Hypergraph distributed ledger expertise has been underneath growth for years.
Following the launch, web3 and web2 builders can construct on the blockchain, launching throughout Constellation’s International Metagraph Hackathon, a completely digital occasion from 15 July to 9 September 2024.
The occasion is free to enter, and has a complete of $100,000 equal in $DAG (Constellation Community’s cryptocurrency) shall be distributed to winners throughout a number of classes, together with metagraph growth and on-chain tooling.
Probably the most profitable Metagraph will win the most important single prize of $25,000 through the occasion. Constellation will formally unveil its “meta graph” software layer expertise, which runs on high of its Hypergraph world consensus layer, to the worldwide viewers through the occasion.
“Constellation’s Hypergraph is the blockchain of blockchains,” says Ben Jorgensen, CEO of Constellation Community. “The easiest way ahead with Web3 and blockchain expertise for all of us is interoperability and collaboration throughout chains and communities. There are numerous of us individually constructing these networks that may help issues like decentralized AI, tokenized belongings, IoT edge computing, decentralized finance and lots of different Web3 creations that appear to be popping up all over the place.”“However the Hypergraph? This expertise can hyperlink all of them collectively, make the whole lot interoperable, give them an underlying infrastructure that may safe their networks and validate their information flows.”
In accordance with Constellation Community, a metagraph might be any sort of Layer 1 decentralized software (dApp) community or legacy Web2 community with its personal inside enterprise logic. The Hypergraph may help different blockchains as meta graphs on high of it.
Other than Panasonic and IBM, others concerned within the partnership with Constellation Community are SIMBA Chain, the C14 cryptocurrency on-ramping service, the Stardust Collective, and the Nationwide DigiFoundry, led by members from the US Nationwide Science Basis, the US House Pressure, and US Division of the Treasury.
These entities help the event of modern new metagraph applied sciences that revolutionize interoperability. The quick and feeless Hypergraph community is uniquely designed utilizing DAG-based infrastructure and microservices to create an underlying digital switch layer with a versatile construction and software community overlay, also referred to as Metagraph to facilitate interoperability and composability throughout each Web3 and legacy Web2 networks.
This ensures excessive community safety, information validation, scalability, and simplified onboarding that companies and governments want for adoption. The Metagraphs can work with any information sort, interface instantly with exterior information sources, settle for present Scala or Java libraries, give full management over validation and consensus logic throughout the community, and scale to the extent purposes want by means of multilayered microservice structure.
Customers can go to Constellation’s Metagraph Hackathon site to register and discover full occasion particulars and supporting supplies.
Customers can download the Stargazer Wallet to carry $DAG.
To seek out out extra about Constellation Community: www.constellationnetwork.io
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Developer Discord: https://discord.gg/9PhXJKeAWC
Telegram: https://t.me/constellationcommunity
